The Bill includes measures affecting the VAT rate for certain goods and services as announced on Budget Day and certain technical amendments.
With effect from 1 January 2024 the registration threshold for businesses will increase from €37,500 to €40,000 for services and from €75,000 to €80,000 for goods.
The legislation increasing the total annual capped fund for the Charities VAT Compensation Scheme from €5m to €10m with effect from 1 January 2024 has not been included in the Finance Bill as drafted and is expected to be included at Committee Stage.
Return to Finance (No.2) Bill 2023 Commentary
